We will pay for a basic home warranty (value $325+) on ANY sales transaction, and the seller will receive their own $25,000 Errors & Omissions policy as protection from any action by the buyer.

Following website (FreddieMac, below) contains ALL you need to know about the home buying process. Just a few examples:

        Is Homeownership Right for You?  

        How Much Can You Afford to Spend on a Home?

To get a quick idea of what you can afford to spend, multiply your annual gross income by 2.5. For example, if your annual household income is $50,000, you might be able to qualify for a $125,000 home. This is just a rough estimate – the actual number will vary based on factors such as current interest rates and the rate for which you'll qualify based on your debt and credit history, as well as other financial factors.

Click here:  http://www.freddiemac.com/corporate/buyown/english/preparing/right_for_you/index.html

Over the past decade, Freddie Mac has invested  $725.2 billion  in home loans, helping 4,229,199 California families.